Lean years loom for property insurers

Monday, October 8th, 2007 Property

There’s more bad news for property casualty insurers. Although 2007 might well be the seventh-best year on record since 1920 for the industry, profitability likely will continue to fall in the coming years, according to an analysis of industry financial results by Robert Hartwig, president of the Insurance Information Institute, a New York-based industry group.

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